Posts by Hometown Insurance
Axis Insurance Managers Acquires Canadian Broker Magnes Group
Axis Insurance Managers Inc., the Vancouver, Canada-headquartered brokerage, announced it has acquired The Magnes Group Inc. Axis Insurance said it made its initial investment in Magnes in 2015. Financial details of the transaction were not disclosed. Founded in 1933, Magnes …
Read More These Flight Routes Suffer the World’s Worst Turbulence
The deadly turbulence on a Singapore Airlines Ltd. flight on its way from London to Singapore has put a spotlight on the world’s most unstable air routes. A British man was killed and seven other people were critically injured after …
Read More Markets/Coverages: Lockton Caribbean & Central America Launches Food, Agriculture & Beverage Broking Practice
Lockton Caribbean & Central America (CCA) announced the launch of CCA FAB, the insurance broking industry’s first Food, Agriculture & Beverage practice that focuses exclusively on the region. The new Food, Agriculture & Beverage practice will deliver tailor-made insurance solutions …
Read More Travel Insurance ‘Will Likely’ Cover Injuries Sustained in Singapore Airlines Incident: ABI
Travel insurance policies “will likely” cover injuries sustained by aircraft turbulence, but policies may vary, the Association Of British Insurers said following the Singapore Airlines SIAL.SI incident on Tuesday. One passenger died of a suspected heart attack, and 30 were …
Read More Climate Court Cases That Could Set New Precedents Around the World
Courts around the world are hearing an ever-growing number of climate change lawsuits with some of the largest cases in history being decided in 2024 and 2025. Here are the key cases to watch: INTERNATIONAL COURT OF JUSTICE (ICJ) The …
Read More People Moves: AIG Appoints Browne Global Head of Specialty
American International Group, Inc., headquartered in New York, appointed Gordon Browne as global head of specialty, effective June 11. Browne will serve on the international insurance leadership team. Browne has over 20 years of industry experience in the U.S. and …
Read More Ex-Citi Banker Says She Was Fired for Rrefusing to Give False Data to Regulator
A former managing director at Citigroup sued the bank and its chief operating officer on Wednesday, alleging she was fired for opposing what she said were attempts to give regulators false information. Kathleen Martin, a former managing director Citi hired …
Read More EPA Says Water Utilities Need to Do More to Stop More Frequent Cyberattacks
Cyberattacks against water utilities across the country are becoming more frequent and more severe, the Environmental Protection Agency warned Monday as it issued an enforcement alert urging water systems to take immediate actions to protect the nation’s drinking water. About …
Read More Florida Agents Will Soon Need Three Appointments Before Selling Citizens
Starting July 1, Florida insurance agents must have at least three appointments with authorized carriers before they can sell policies for the state-created Citizens Property Insurance Corp. That’s the mandate laid down by Florida House Bill 1503, signed into law …
Read More Bristol Myers, Sanofi Liability in Hawaii Plavix Case Grows to $916 Million
A judge in Hawaii on Tuesday ordered Bristol Myers Squibb and Sanofi to pay more than $916 million to the state for failing to warn non-white patients of health risks from its blood thinner Plavix, up from an earlier judgment …
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